Question

Nikhil bought a sofa set costing Rs 10,000 .it was renovated for Rs 500 and sold at a loss of 5 % .find the selling price.

Answer 1

Answer:

the answer is 9975

Step-by-step explanation:

purchase rate of the sofa 10,000

additional expense for repair 500

total amount spent on the sofa 10500

loss incurred on its sale 5% = 5/100

5% of the expenditure on sofa is 10500x5 = 52500 = 525

100 100

therefore the rate at which the sofa was sold is 10500 - 525= 9975